NAREDCO Change of Guard

Ashok Mohanani, Chairman of Ekta World, took over as a President of Western Zone of the National Real Estate Development Council (NAREDCO). In a virtually arranged 'Change of Guard' ceremony today, he took the charge from the past President of NAREDCO West and Convener, Housingforall.com and Chairman of Raunak Group, Shri RajanBandelkar. Shri Rajendra Pate has become the President of Pune Chapter of NAREDCO. The 'Change of Guard' ceremony took place in the virtual presence of Shri Hardeep Singh Puri, Minister of State, Housing and Urban Affairs, Government of India, as a Chief Guest and Dr Jitendra Awhad, Minister of Housing, Maharashtra State as the Guest of Honour and Dr Niranjan Hiranandani, National President of NAREDCO and Chairman and Managing Director of Hiranandani Communities. Shri Ashok Mohanani also set his vision clear; particularly for bringing a holistic development of the real estate sector across Maharashtra, and said that ‘’NAREDCO West would form a consortium of developers from Tier II and III cities of Maharashtra to make them avail funds from the banks and NBFCs for their projects. He forecast that the demand recovery will push housing sales; particularly in the affordable segment, mainly due to NAREDCO West’s initiatives, support by the Government and the RBI in interest rates and price rationalisation. Taking over this baton in the most challenging times of the pandemic, the task before me is to continue with various aggressive growth measures the Western Zone has taken under the erstwhile leadership of Shri Rajan Bandelkar. With the same zeal, my priority would be to rejuvenate the country's major real estate market of Western India including Mumbai and push new ideas to match the attitudinal changes in the customers' behaviour with that of the industry.’’ Dr Niranjan Hiranandani, President, NAREDCO (National) and ASSOCHAM and Chairman & Managing Director of Hiranandani Communities, said, "We are grateful to the Ministry of Housing of the Government of India, State Housing Ministry and the RBI for their forthcoming initiatives to support the real estate sector. Shri Mohanani's invaluable guidance will help show resilience to the challenges and bring innovative ideas for the sector's growth in the Western region." Shri Hardeep Singh Puri, Minister of State, Housing and Urban Affairs, Government of India wished Shri Mohanani the best and expected his leadership to find remedial measures with the Government agencies for a common good of the industry. Dr Jitendra Awhad, Minister of Housing, Maharashtra State congratulated Shri Mohanani for his new role and assured co-operation from the State Government to NAREDCO West in all the matters concerning to the interests of the industry and the homebuyers.